Amreli Steels raises Rs1bn through share allotment

MG News | December 23, 2025 at 12:58 PM GMT+05:00

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December 23, 2025 (MLN): Amreli Steels Limited (PSX: ASTL) has successfully received Rs1 billion through the issuance of 40 million ordinary shares at Rs25 per share to the existing sponsor Mr. Shayan Akberali.

Each share carries a nominal value of Rs10, with a premium of Rs15 per share, according to the Company's filin g on PSX revealed today.

Following this allotment, the paid-up capital of the company has increased to Rs3.37 billion, reflecting 337,011,427 ordinary shares of Rs10 each.

The newly issued shares have been credited to Mr. Akberali’s account in the Central Depository System, completing all statutory and regulatory formalities.

The move was approved by the Securities and Exchange Commission of Pakistan (SECP) and aligns with Section 96 of the Securities Act, 2015, and PSX regulations.

The company has formally notified the Pakistan Stock Exchange and relevant regulatory bodies of the share allotment and capital increase.

Amreli Steels’ latest capital injection demonstrates continued confidence by its sponsors in the company’s growth trajectory and strengthens its financial position in the steel sector.

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